BizAuctions Finalizing Lease Terms for the 2nd Outlet-Retail Store in San Ysidro, CA

SAN DIEGO, Nov. 18, 2010 /PRNewswire/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced today that progress is being made on the terms of the lease for the 2nd Outlet Store that is located in San Ysidro, CA.

Delmar Janovec, BizAuctions' CEO, comments, "We have been working with the landlord on finalizing the terms of the lease for our 2nd  Outlet-Retail store that is located in San Ysidro, CA. The Outlet store is located off the 805 highway and is within approximately one half mile of the USA/Mexico border crossing that sees approximately 18,000 potential customers each day that cross the US/Mexico border on foot and 35,000 passengers cars. The Outlet store is approximately 6,000 sq. ft. in size as compared to Lucky 7's former retail space of about 1,000 sq. ft. The size of the new retail space will allow for approximately 2,000 sq. ft. of storage for   inventory with the remaining 4,000 sq. ft. for the retail operations that will sell name brand, clothing, general merchandise, appliances, and electronics. Due to the size of the outlet-retail space along with the potential consumers crossing the border each day, we anticipate seeing the new Lucky 7's Outlet store with daily sales from $5,000 to $10,000. With the progress in sales we have experienced since the opening of our current Outlet-Retail store, the approaching Holiday season, and the location of this new Lucky 7's Outlet store, the next several months should see significant gains in sales that should flow well into calendar year 2011 and beyond." (For photos of our current Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/)

"BizAuctions recently closed its retail store in the Chula Vista Center, in anticipation of opening a new larger location, under the name of "Lucky 7's Outlet", in order to sell its name brand higher-end clothing such as Polo, Ralph Loren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, appliances, and electronics that will generally bring higher retail prices at Lucky 7's Outlet versus its customary eBay and Amazon business platforms," noted CEO, Janovec.

BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries.  With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay and Amazon platforms.  

More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at [email protected] or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/

ABOUT BIZAUCTIONS – ADDRESSING THE $60 BILLION PROBLEM

BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of eBay and Amazon commercial liquidation services for excess inventory, overstock items, and returns.  Our clients have included some of the Nation's leading retail names at the forefront of their industries.

BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay and Amazon, and collecting payment.

We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.

With a long-term strategy to provide eBay and Amazon liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory.  

The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2009, and the quarterly statements filed in calendar year 2010, and 2009, at www.PinkSheets.com.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.

SOURCE BizAuctions, Inc.